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FLUENT Corp. Announces Private Placement Financing
GlobeNewswire News Room· 2025-08-28 12:00
Core Viewpoint - FLUENT Corp. is conducting a non-brokered private placement offering of 3,500,000 common shares at a price of US$0.06 per share, aiming for total gross proceeds of US$210,000, primarily to support working capital and corporate purposes [1][2]. Group 1: Offering Details - The offering is expected to close on September 5, 2025, and involves a related party transaction as the sole subscriber is an insider of the company [3]. - The company is utilizing exemptions from certain requirements under Multilateral Instrument 61-101 due to the fair market value of insider participation not exceeding 25% of the company's market capitalization [3]. - The board of directors has approved the offering, and no material change report was filed 21 days prior to the closing, which the company considers reasonable [3]. Group 2: Leadership and Strategic Direction - David Vautrin, the Interim CEO, expressed confidence in the company's strategic direction and the team's commitment to turnaround initiatives, highlighting the importance of this investment [2]. - The investment by the Interim CEO is intended to reinforce belief in the company's long-term value creation potential [2]. Group 3: Company Overview - FLUENT Corp. is a national cannabis consumer packaged goods company, operating in states such as Florida, New York, Pennsylvania, and Texas, with a focus on operational excellence in cultivation, production, and retail [5]. - The company employs over 700 individuals across 8 cultivation and manufacturing facilities and 42 active retail locations, along with a wholesale division named ENTOURAGE [5]. - FLUENT produces a diverse range of cannabis products under various brands, including MOODS, Knack, Wandr, Bag-O, and Hyer Kind [5].
Glow Lifetech Reports 196% YoY Revenue Growth and Improved Cash Flow in Q2 2025, Sets Stage for Continued Momentum in H2
Newsfile· 2025-08-28 11:30
Core Insights - Glow Lifetech Corp. reported a significant 196% year-over-year revenue growth in Q2 2025, indicating strong commercial momentum and progress towards sustainable profitability [1][2][5] Financial Highlights - Net revenue reached $436,325, a 196% increase from $147,205 in Q2 2024 [5] - Gross profit was $293,141, reflecting a 182% increase compared to $103,983 in Q2 2024 [5] - Gross margin improved to 67%, showing sustained operational efficiency [5] - Cash used in operating activities decreased to $31,153 from $119,486 in Q2 2024, indicating progress towards cash flow breakeven [5] - EBITDA loss narrowed to $166,896, an improvement of 25% from $221,547 in Q2 2024 [5] - Cash balance stood at $1,059,855 with a working capital surplus of $1,411,355, improving over $3.0 million from a deficit of $1,722,397 in Q2 2024 [5] - Current ratio improved to 2.24x from 0.30x in Q2 2024, reflecting enhanced financial strength [5] Commercial Highlights - Glow expanded its market presence to over 1,000 retail cannabis stores in Ontario, capturing approximately 60% of the province's licensed cannabis retailers [5] - The company commissioned a new automated bottling line to triple production capacity, supporting the growth of the MOD™ portfolio [5] - Glow's MOD™ brand advanced to the 2 oils brand in Ontario, with MOD™ THC 1000 as the 2 ranked SKU in its category [5] - Two new CBN-based SKUs were launched, which are among the brand's strongest-performing launches to date [5] Strategic Outlook - The company enters H2 2025 with continued commercial momentum and a strong foundation for scalable growth [6] - With expanded production capacity and growing penetration into major retailers, Glow is well-positioned to translate topline growth into improved profitability [6] - Early Q3 momentum reflects the scalability of Glow's model, setting the stage for meaningful progress towards profitability [6]
Tilray Brands Successfully Regains Compliance with Nasdaq’s Minimum Bid Price Requirement
Globenewswire· 2025-08-27 21:02
Core Points - Tilray Brands, Inc. has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of at least $1.00 for 10 consecutive trading days from August 13, 2025, to August 26, 2025 [1] - The company is committed to growth and innovation, positioning itself as a leader in the cannabis, beverage, and wellness industries, with a strong global platform [2] - Tilray operates as a transformative force in the lifestyle and consumer packaged goods sector, supporting over 40 brands in more than 20 countries [3]
Zang warns "Genius Act" will trigger hyperinflation, sees "globally coordinated" gold confiscation ahead
KITCO· 2025-08-26 17:45
Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing a wealth of experience in journalism, particularly in finance and commodities [1][5] Background and Career Development - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap companies [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Digital Media and Industry Focus - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers, establishing him as a prominent voice in the cannabis industry [4] - Following this success, he created Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap sectors [4] Professional Expertise - Jeremy has experience as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology industries [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]
Tilray Brands shares gain as analysts boost price target on cannabis rescheduling optimism
Proactiveinvestors NA· 2025-08-26 15:13
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
